Sprinklr’s (CXM) “Buy” Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Sprinklr (NYSE:CXM) in a research report report published on Friday morning,Benzinga reports. Rosenblatt Securities currently has a $10.50 price objective on the stock.

CXM has been the subject of a number of other research reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $11.00 price target on shares of Sprinklr in a research note on Wednesday, December 11th. DA Davidson boosted their target price on shares of Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. William Blair cut shares of Sprinklr from an “outperform” rating to a “market perform” rating in a research report on Friday. Wells Fargo & Company lowered Sprinklr from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $8.00 to $6.00 in a report on Tuesday, November 12th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $9.00 target price on shares of Sprinklr in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.13.

Sprinklr Stock Performance

CXM stock opened at $8.70 on Friday. Sprinklr has a 1 year low of $6.91 and a 1 year high of $14.31. The stock has a 50-day simple moving average of $8.79 and a 200-day simple moving average of $8.34. The firm has a market cap of $2.21 billion, a P/E ratio of 54.35, a price-to-earnings-growth ratio of 2.97 and a beta of 0.79.

Institutional Trading of Sprinklr

Hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its holdings in shares of Sprinklr by 100.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock valued at $33,000 after buying an additional 1,928 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Sprinklr during the fourth quarter valued at $42,000. SG Americas Securities LLC acquired a new position in shares of Sprinklr in the 4th quarter valued at $89,000. Everence Capital Management Inc. acquired a new stake in Sprinklr during the 3rd quarter worth about $105,000. Finally, EPIQ Capital Group LLC lifted its stake in Sprinklr by 26.2% during the fourth quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company’s stock valued at $109,000 after buying an additional 2,664 shares in the last quarter. 40.19% of the stock is currently owned by institutional investors.

About Sprinklr

Sprinklr, Inc provides enterprise cloud software products worldwide. The company operates Unified Customer Experience Management platform, a software that enables customer-facing teams to collaborate across internal silos, communicate across digital channels, and leverage a complete suite of capabilities to deliver customer experiences.